DUBLIN, June 1, 2021 / PRNewswire / – The “Parking Management Market by Parking Site, Application, Service, Solution and Geography – Global Forecast to 2026” the report was added to ResearchAndMarkets.com from offer.
The parking management market is expected to grow at a rate of 9.96% CAGR by 2026.
The increase in the number of vehicles in the world leads to the demand for an effective management system to counter parking problems. Accidents, traffic jams and environmental risks are increasing worldwide and creating the need for efficient and flexible parking management solutions.
Adopting solutions such as ParkPlus System, Parking Management Software and Bicycle Parking System provides improved scalability and flexibility to effectively tackle parking issues. Poor management of car parks leads to overcrowding of vehicles which leads to traffic jams as well as air and noise pollution.
The use of smartphones, GPS and cloud software is growing to develop accessible mobile tracking applications that provide real-time data to help drivers navigate to the nearest vacant parking space.
According to the service segment, the market is segmented into consulting, system integration and deployment, and support and maintenance. In the competitive market, unplanned downtime and failure to run an application can cause a customer to lose trust. Parking facility providers partner with support and maintenance service providers to improve the compatibility, agility and availability of parking management solutions.
Based on the parking lot market, it is segmented on-street and off-street. The off-street segment is further segmented into garage and parking. Factors such as improved penetration of mobile applications, improved ticketing and payment solutions for parking guidance and the introduction of assistance systems are boosting the development of the off-street segment. Both short-term and long-term users use off-street parking systems.
In the regional market, the increase in the number of automobiles in countries like the United States and Canada creates the need to reduce problems such as traffic congestion and contributes to the development of the regional market. The growing adoption of mobile devices and the introduction of mobile applications to find parking spaces in the United States is expected to drive the market development in North America. In addition, cloud-based parking management solutions are growing as they facilitate parking management in a cost-effective manner.
- Comparative analysis of competitors
- Market Developments
- Mergers and acquisitions, legal, rewards, partnerships
- Product launch and execution
- INDigo GROUP
- Bosch Group
- APCOA PARKING
- Precise ParkLink
- T2 systems
Companies to watch
- Passport labs
- Flowbird Group
- Get my parking
- IPS Group
- Smart parking
Scope of the report
Parking Management Market, By Parking Site
- Off the street
- In the street
Parking Lot Management Market, By Application
- Transit Transport
Parking Management Market, By Department
- System integration and deployment
- Assistance and maintenance
- Consulting services
Parking Management Market, By Solution
- Revenue management
- Management of parking reservations
- Valet parking management
- Access control
- Security monitoring
Main topics covered:
2. Industry outlook
3. Market overview
4. Market characteristics
5. Parking site: market size and analysis
6. Application: market size and analysis
7. Service: market size and analysis
8. Solution: market size and analysis
9. Geography: market size and analysis
10. Competitive landscape
11. Supplier profiles
12. Companies to watch
13. Analyst opinion
For more information on this report, visit https://www.researchandmarkets.com/r/9n6c20
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